Subject: File No. SR-NYSEArca-2021-90
From: Edward Elliott
Affiliation:

Apr. 23, 2022

 




Dear SEC, 
Please DO NOT authorize the Grayscale bitcoin ETF. The reasons why you rejected previous ETF proposals are still valid and should be sufficient to deny this one (and any future ones) as well. 
The constant pressure to approve a spot Bitcoin ETF exists because Bitcoin is a negative-sum game - Bitcoin whales need to increase the flow of dollars in so as to have dollars to withdraw. The SEC should not pander to them. 

Sincerely, 
Edward Elliott